I am in Swansea (SA1) and have been having this problem for the last 2 months.
We have had several engineer visits, a new modem and cables. The last time the engineer came (last week) he mentioned he had just come from another job on the street from someone who works in the call centre, and this is a problem further up the network.
When it does happen, the sync light drops for a split second and re-locks. This causes the ready light to flash. If I manually renew the IP (DHCP/RENEW) I can connect, even though the ready light does not lock.
If I want to stop it flashing I have to reboot the modem.
I am sick of phoning India and having to spend 20 minutes listening to bad music and then following the turn it off and on again script, but what choice do I have?
Sympathy to fellow ready light flashers